116 Silver Springs Bay

Property Overview

This single-storey home at 116 Silver Springs Bay in Winnipeg's Eaglemere neighbourhood presents a practical and comfortable living proposition. Built in 1999, its key appeal lies in its above-average, generous lot size of over 7,200 sqft, offering more outdoor space than most homes on its street and in the wider city. The home itself, at 1,471 sqft of living area, is competitively sized for the area and features a renovated basement and an attached garage. Its assessed value positions it above average for both the Eaglemere area and citywide, suggesting a solid, established value in the market.

The property would suit buyers looking for a manageable single-level layout in a mature neighbourhood, where the lot size offers room for gardening, play, or future expansion. It’s a home that balances being unassuming in its street presence with the private asset of a larger yard. It may particularly appeal to those who value space over flash, or who see potential in a home that is well-situated and fundamentally sound, rather than brand new.

Frequently Asked Questions

1. How does this home compare to others in Eaglemere?
The data shows this home is consistently above average for the neighbourhood in key metrics: it sits in the top 21% for assessed value, the top 18% for land area, and the top 30% for the age of the home (newer is ranked better). Its living space is right around the neighbourhood average.

2. What is the significance of the lot size?
At 7,284 sqft, the lot is notably larger than many in the area. This is a less obvious but valuable characteristic, providing more privacy, green space, and potential for outdoor living or projects than is typical, which is often a premium in established suburbs.

3. The home sold in 2019 for $362,000, but the assessed value is now $486,000. Why the difference?
Assessed value for property tax purposes and market sale price are determined differently and can vary significantly. The assessed value is an estimate for taxation, while the sale price is determined by the market at the time of sale. The increase suggests the property has risen in value on the municipal assessment roll since its last sale.

4. What does "renovated basement" typically mean in a home of this age?
In a 1999-built home, a renovated basement likely means the original lower level has been finished or updated to create comfortable living space, such as a family room, additional bedrooms, or a modern rec room, adding functional square footage to the home.

5. Who might this property not suit?
This may not be the ideal fit for someone seeking a brand-new, move-in-ready home with contemporary open-concept layouts, as a 1999 build may have a more traditional floor plan. It also does not have a pool, which could be a drawback for some buyers.